The Case of Qatar Essay

a highly inflationary economy with unpredictable financial forecasts would not be the best option. The bank has to consider the best option that will yield the maximum benefits and with the highest number of subscribers.
The Case of Qatar
Banks play a critical role in the development of economies. However, this takes place in collaboration with all the financial and commercial sectors. The National Bank of Oman would consider setting up in the Qatari region for various reasons. To begin with, Qatar already hosts many commercial institutions that are major targets for large scale corporate banking. For instance, the Emirates Airline has been set up in the Qatar region. With more commercial institutions investing in the region, it would be the best opportunity for any bank to set up its operations in such regions. Qatar is also a strong center of tourism destinations. There are numerous foreign tourists now turning their attention to this small point in the world.
With more tourists and foreign investors comes the need for currency exchange, a service that is only offered by banking institutions. Forex trade, therefore, it a major area that the bank can adopt in trying to make wise profitable decisions as far as Qatar is concerned. It is important that the management makes a comparison between Qatar and other emerging economies of the world. The business macroeconomic factors, however, have to be incorporated in the decisions. For instance, it is not appropriate for the bank to consider investing in a politically terrorized nation as this would increase the levels of pure risks. Qatar, however, qualifies as a center of investment from the point of view of the macroeconomic factors.
Conclusion
The National Bank of Oman proves to be one of the best banks in the Oman region. From the services and products it delivers to the customers, the bank also proves to be customer-oriented. With the growth of technology and innovative plans, the bank is also an important role model to all the other banking institutions. Its mobile banking and eBusiness initiatives make it easier for the customers to use the services efficiently and to their full satisfaction. All the services it offers such as retail banking, corporate banking, personal banking, financial advice and other investment options makes it the bank of choice for most people in Oman. In addition, the bank's establishments in other countries like Egypt helps in widening its capital base, hence sustaining its operations within the countries. In spite of the challenges that exist in these international economies, the bank still manages to operate on a profitable basis and manages to expand its services to its branches.
Recommendations
In order to effectively expand its operations to emerging economies like Qatar, the bank needs to
i. Conduct a complete feasibility analysis of the target regions in order to make profitable investments.
ii. Consider the currency strength of the target countries.
iii. Develop an implementation plan for each Foreign Direct Investment initiative (Mathieson & Roldos, 2011, p. 3-4).